COMMENTS: The dollar
posed a rising trend in the open market this week and a five paisa gain was
recorded in its price at close of markets on Saturday. Dollar started new week
at Rs. 60/10 but was changing hands at Rs. 60/15 on Saturday. Although demand
from buyers was not very high and supply was fair too, but due to dollar's rise
in the inter bank market was one of major reasons of rupee's mild fall.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.175

60.125

.0831

60.075

.1664

COMMENTS: Sterling was also able to further strengthen its position
against rupee this week and more gains in its price were recorded. The currency
started new week at Rs. 105/60 and by taking cues from its international market
gains, was standing at Rs.106/20 on Saturday. The currency came up against
greenback this week in major world markets especially because currency investors
started to lock in year-end profits and position themselves for 2006.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

106.25

105.1

1.0941

116.5

-8.7982

COMMENTS: Euro continued with its rising trend this week too and able
to show more gains in its price against the national currency. Euro which had
started to gain last week prolonged with the same trend and another significant
gain of Rs. 1/05 was recorded in its price. The currency started new week at Rs.
71/10 and at weekend, was changing hands at Rs. 72/15.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

72.00

70.8

1.6949

79.9

-9.8873

COMMENTS: Yen unlike all major currencies remained among the gainers
and ended week on a positive note. Yen strength remained a weight on the
greenback as broad bets against the Japanese currency continued to unwind even
after a report showed a narrower-than-expected U.S. current account deficit for
the third quarter.